unsecured-business-loans-manchester

Unsecured business loans

Commercial loans that do not require you to use your property as financial collateral

At Godwin Austen we work with dozens of lenders who offer a huge variety of unsecured business loan products. To save our clients the hassle we undertake the process of pairing up each lenders requirements with our clients situation and needs. This means the whole process of attaining a unsecured business loan is much simpler for the client and results in business loan applications that are much more likely to be approved and are suited to the clients needs.

The alternative is that our clients have to apply for business loans individually, filling in various different forms over and over, dealing with dozens of different people and chasing around for updates and providing additional information repeatedly until they get approval or find the deal that works for them.

Choosing Godwin Austen for your unsecured business loan will eliminate all of this stress, you get one point of contact, regular updates and a business loan that works for your needs.

What are the benefit of an unsecured business loan?

  • No collateral

Our unsecured business loans do not require any assets to be put up as collateral, some may require directors guarantee, but on all.

  • Fast type of business loan. 

Once approved your business could have the funding within a few hours.

  • Business loans from £1,000 – £500,000

Our unsecured business loans are very flexible on the amount that can be borrowed, allowing us to service a larger range of business types.

  • Short term

Most of the unsecured business loans are based on a short term repayment period, however some can be attained for up to 5 years (60 months).

Unsecured business loans FAQ

How long does my business need to be trading for to get approval for a unsecured business loan?

Usually most of our lending partner require at least 1 years of trying accounts, we do have some lender that are happy to work with start-ups.

Are your unsecured Business Loans available in Northern Ireland or just the UK?

No, we can offer unsecured business loans to companies in Northern Ireland as well as all across the UK.

Do I need to be a home owner to get an unsecured business loan?

Not at all, it can help to secure some larger business loans but it is not a requirement. However loan amounts of £100,000 may require a director to be a home owner.

Does it matter if my company is a sole trader or partnership?

Godwin Austen can offer unsecured loan service to businesses of all types including sole traders, limited companies and partnerships.

Can I still get a business loan if I have bad credit?

Your unsecured business loans are still available for client with adverse credit, but exact how it would impact your approval rating would depend on your situation.

What do I need to be eligible for an unsecured business loan?

Ideally you will have decent to good credit, and there must be affordability with the company to manage to loan. If not then some form of asset may be required.

What documents do I need t provide during the application process?

Exactly what document you need to provide during the unsecured business loan process depends on the size of the loan and the lenders who will approve it. But most lenders require bank statements or VAT returns and sometimes your business accounts.

If all of this sounds good and you think an unsecured business loan is the product for you, please give us a call or email us to make contact.

Or if you feel that our unsecured business loans are not suited to your needs please check out our other business finance services.

If all of this sounds good and you think an unsecured business loan is the product for you, please give us a call or email us to make contact.

Or if you feel that our unsecured business loans are not suited to your needs please check out our other business finance services.

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